Member Info for glenmorangie

Hi, can anyone see a trade (purchase) for 48,000 for 2.99 ?

from previous post

“Unlike a number of other countries globally, India continues to rely on coal for base load power,” GEPIL said in response to FE’s queries. GEPIL will therefore continue to focus its efforts on maintaining its business in India aligned with the local market dynamics and the national interests of India,” it said, indicating that the company’s transaction with coal is not yet over, at least in India.

If GE walk away from the deal in Mozambique could that impact on potential opportunities to sell other infrastructure technologies from their portfolio to that region, including alternative power technologies ? When you operate at a Global level, developing good relationships with Government agencies is key - who knows just a thought.

Hi, I see there was a news article in the financial express yesterday about GE activities in India regards their coal power exit strategy - the news is out there it's just how you interpret it in line with our project. Different countries/Geographies will be developing different exit strategies' regards coal power. The west looks like they are ready to push the button as they believe they have the infrastructure now in place to move to green(er) alternatives that will fil the Gap but other geographies in the world are maybe not so fortunate and will not able to turn on those alternatives for quite a few years to come.
To a certain extent I agree with Chrishutch I do not care if it is GE or some other Company supplying the technology. I think Mozambique (and other African states) have the right to and need access to significant increases in power generation and coal power is one of the options right on their door step, ready to be harvested (using greener technologies than the west have used over the last 100+ years).

Article below:

GE Power India yet to take final call on coal exit
By: FE Bureau | September 23, 2020 8:08 AM
General Electric Company (GE) has expressed the intention to exit the new build coal power market across the world, but GE Power India (GEPIL) — the American multinational firm’s Indian subsidiary — is still assessing the holding company’s decision and its impact on business activities in the country. General Electric Company (GE) has expressed the intention to exit the new build coal power market across the world, but GE Power India (GEPIL) — the American multinational firm’s Indian subsidiary — is still assessing the holding company’s decision and its impact on business activities in the country. “Unlike a number of other countries globally, India continues to rely on coal for base load power,” GEPIL said in response to FE’s queries. GEPIL will therefore continue to focus its efforts on maintaining its business in India aligned with the local market dynamics and the national interests of India,” it said, indicating that the company’s transaction with coal is not yet over, at least in India.

In last message I meant to say Europe/Amarica

Hi, I think the question you should be asking is if any potential new build in Africa is in the same category as India/China or UK/America

Cheers Glen

Hi All,

Thought you might want to hear about a conversation that I had with GE and this is not insider information. I asked the individual for clarity regards the GE announcement because they are a Supplier and contractor to our business in the UK and wanted to know if this would impact on their ability to service us.
He told me, as far as he is concerned that nothing is getting sold off (he realised the headlines were quite severe)- that the only impact is that there will be no new build Coal Power stations in Europe and the US. He said that their activities in China and India have not been affected (at this moment in time) regards new builds. I asked him about activities in Africa but he was not aware of any, probably because he is not privy to activities in that Geography. There was more I spoke to him about but not related to this project.
So now we have to work out what it means to the Ncondezi project.

Glen

Hopefully we are due the 3D Modelling report from Mira Geoscience Ltd very soon, which should allow us pin point our drill targets.The completed Model will map the size, location and orientation of gabbroic sills and dykes (conduits) across the KSZ in relation to their sedimentary host rocks (Karoo) and the overlying Kalahari cover.

MakusN, I would say you summary of the inteview is bang on - theres a lot to play for this year and with any luck we may leave 2020 with a significant find in KSZ and a funding/operations partner for KCB. We can only but hope for the best.

Shows you how manipulative the markets are - we are now down 60% on the share price we held in Nov 2019 (3 months ago) and as far as I can see the Company has not released any negative news (if anything positive over those 3 months), there has been no dilution to the share structure and no great sell of of shares. Absolutely rediculous.

Not sure it was wise releasing this news right now !!! the PIs and MMs are probably thinking that the KSZ project is not going to deliver so bailing over to this new JV, which will need funding that we do not have, so share dilution required to raise funds. MMs rubbing their hands right now

PM - you say why is there such bad sentiments to the stock ? , there has been more buys than sells, so there is no PI bad setiments, the only bad sentiment is by the MMs and their manipluative games. I don't know anything about a new placing apart from thats what the MMs are hoping for so they can cover their short position as they do with most aim stocks. F-----s

Absolutely disgusting what the MMs get away with in these markets

Looks like the market is not taking the update as positive

News out this morning - looks encouraging.

Wonder if any of the major mining Company's stated in the update are going to take an active interest in Company's activities prior to the geophys works get carried out or wait to see the results are (if positive) before stepping up to the plate.

We shall see in the coming months.

Can't believe they have dropped this below 5p again - absolutely rediculous.

Maybe the question we should be asking is, why is Scott Fletcher able to purchase so many shares at such a low price ?? You would think that the more shares he purchases the less there would be available in the open market and price pressure would move up but we keep on dropping. Why are the MMs willing to sell so much stock at this price to one individual and where are they getting the stock ???. He must have huge purchase orders in the open market (or maybe with just one MM in particular) and they are willing to keep the price at this range for him to mop up - something very very strange going on here with the MMs & Mr Fletcher.

Win4 there is only one entity playing the market and that is the market makers, it's a disgrace where the price of this share is with the current status of our project and partnerships with 2 of the biggest Global players in the Power Market. One day I hope they get their arses handed to them

Onewife - where do you think pump and dumps originate from and sometimes it only takes one person to spread a rumour - it all depends on what they are spreading and the staus of the individual on the boards, belive me it can make a difference to the price.
Let me run this buy you - if a ceratin indvidual (poster) that used to post here decided to come back to this board and started that deal is definately on and will be PRd soon or deal is dead and we are back to scratch - I guarantee that would have an effect on the price.

Mikesum - don't understand your whole investment stratgey (if you hold the number of shares that you allude to) - why don't you sell out on the next pump (spike) and then buy back in when the share price is lower and you feel more positive about the company ? You obviousley don't think the stock is going to appreciate in the short/medium term i.e. in your words ' However I'm very negative in the short term as we are being spun a load of rubbish' and ' AFG appear to be totally inappropriate and totally misaligned with shareholders' and 'I'm not sure management is actually getting a grip of this and the other issues' and ' they are going to let a huge opportunity slip through it's hands by being totally ineffective'.

These words don't sound like someone that holds a lot of shares in the company and want's to see a benefit to their stock holding. Your negative posting can only have one possible effect and that is to possible scare some people into selling their shares and the price goes down and thus you loose money -

who in their right mind would adopt your strategy - thats if you are being honest with the board

Pe6169, believe me they have an interest, just not the same type of interest as you or me that actually hold the stock. Lets put it this way I don't believe they wish the company well or its shareholders.